The Punjab National Bank, looted by fugitives Mehul Choksi and Nirav Modi, ranks third on India’s largest defaulters list, with INR 2.59 lakh crore waiting to be recovered from large defaulters ...

* Finmin dropped plan to trim central bank powers last week NEW DELHI, May 7 (Reuters) - Indian Prime Minister Narendra Modi sank his finance minister's plans to strip powers from the central bank ...

(Bloomberg) -- India is making good progress in dealing with bad loans that are weighing down on the country’s banks, suggesting long-term valuations for the financial industry are set to improve, ...

LONDON/NEW DELHI — Fugitive billionaire jeweler Nirav Modi, wanted by Indian authorities over a $2 billion loan fraud at state-run Punjab National Bank (PNB) was remanded in custody after appearing ...

Central Bank Digital Currency: The Centre will launch a Central Bank Digital Currency (CBDC)-based food subsidy distribution pilot project under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in ...